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This company can engage in the sale of steel bars commonly used as a tensioning device in reinforced concrete structures holding the concrete in compression.
For a setup of a company in RAKEZ in the field of reinforcement steel bars trading, the following business activity has been chosen, which falls under the low risk category:
As part of the company registration process with this business activity, no additional approvals are required.
If the company plans to lease a warehouse or land, additional approval will be required from the RAK Municipality Public Health Department.
NOC or No Objection Certificate is an important document that is provided as confirmation that the regulatory authority (regulator) has no objection to licensing or registering a new company in Dubai.
The minimum share capital requirement for RAKEZ companies with this business activity is AED 10,000, its contribution is optional.
Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.
When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.
Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.
RAKEZ (Ras Al Khaimah Economic Zone) is a free economic zone (free zone) established in 2017 in the Emirate of Ras Al Khaimah, UAE. RAKEZ is one of the largest and most dynamically developing business hubs in the region, attracting companies from over 50 industries, including trade, logistics, manufacturing, education, IT, and professional services. The free zone brings together small, medium, and large enterprises, offering a supportive ecosystem for growth and development.
The free zone provides a wide range of infrastructure solutions, including industrial zones, office spaces, warehouse facilities, and land plots for bespoke construction projects. It is also renowned for its business support initiatives, such as training programs, industry exhibitions, and networking events, fostering new partnerships and expanding opportunities for entrepreneurs. Businesses registered in RAKEZ are permitted to operate both within the free zone and beyond the UAE.
RAKEZ issues the following types of business licenses:
With its strategic location near key transportation hubs, modern infrastructure, and commitment to supporting entrepreneurs, RAKEZ is an ideal choice for businesses aiming to scale, expand internationally, and achieve sustainable growth within the UAE and beyond.
The RAKEZ company registration provides various benefits and opportunities for entrepreneurs:
Office solutions:
Business Facilities:
The UAE imposes a variety of taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:
RAKEZ offers the following main types of UAE resident visas for foreign investors and company employees:
With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with RAKEZ representatives, and assist in coordination
Receive expert guidance from an authorized consultant who will manage the entire process of obtaining RAKEZ services
An elite consultant will oversee the process of obtaining RAKEZ services, ensuring a seamless experience